Remove 2024 Remove Article Remove Automotive Remove Discrete manufacturing
article thumbnail

Global manufacturing output to grow only 0.3% in 2024

Control Engineering

Global manufacturing insights Europe still buffeted by the economic storm, with Germany’s manufacturing economy set to shrink by 1.4% Manufacturing growth in the U.S. In 2024 growth will be negative for machinery production, before returning to positive figures in 2025 and maintaining sustained growth out to 2028.

article thumbnail

Manufacturing industry recovery dependent on prudent fiscal policies

Control Engineering

Global manufacturing insights The Interact Analysis Manufacturing Industry Output (MIO) Tracker predicts a slight dip in global manufacturing industry output in 2024, followed by an uptick in 2025, contingent on appropriate fiscal policies and stimulus initiatives. contraction – rather than 0.3%